Member Info for itsawrap

Kilkenny, ygen due $1 from Taiwan in September followed by another $3m at a later unspecified date

Interesting RNS from ygen this morning

"It is now end of August."...err, not in SW London, it's still July :)

They spent it on the LNenergy deal

Not sure how long they need to mull over the CPR, perhaps one of the key players is or has been on holiday?

My agenda is to make money and thanks to the current sp all my recent trades are nicely in profit...isnt that the whole point?

I dont see the possibility of further acquisitions as negative, on the contrary, growing the company this way (very selectively of course) would deplete the cash pile and as CS suggests would mean the gov. having to take instalments should they win. Would they want to be seen to bankrupt a company with 100s of employees? of course not. I would also like to see a modest buy-back

I have wondered if the ygen takeover is just the start. if nova can pick up a couple more worthwhile companies before June 2024 - say £60m cash of 3 acquisitions - the DHSC would have to agree a repayment schedule in the event they win - or perhaps even shares in lieu of cash

Likely to have bought around .13/.14, currently down on his punt but imo he'll do very well in the months to come. I wish I had that sort of fire power, I would happily buy 100m at the current sp

Thanks heid, solid progress at kedd will be very good news for our sp, throw in success at Bisc and ujo could be looking very tasty this time next year

heid without wishing to appear confrontational, did you not say recently that ma had told you kedd was definitely being drilled in h2? i think we will all be fairly ****ed off if a long promised (years!) oven-ready sidetrack is delayed until 2024

I see the preacher is trying desperately hard to influence opinion every day, he says he's defending his investment, imo he's an official advocate for UJO as time and time again he tells us what DB is thinking. Not only that, he "predicted" the leak inquiry 2 days before it was announced, keep it up tac, eventually the sp will rise but not necessarily due to you and your ex ramper-in-law heid

Kawasaki, the sp should rise on the news that Rathlin is funded for the drill whatever the source and more so when equipment is on site, to what level is anyone's guess. If the drill is successful...well, could we see 2p or 3p? it may depend on whether or not RBD funds Rathlin and the deal structure.

This is my post from earlier today on the UJO board, perhaps I'm being naive but I think there's a very good chance WN will be drilled in H1. I also think there's a reasonable chance of success.

- RBD has budgeted for a £2m spend on their 1/6 of WN

- Rathlin appears to have no more than £3m cash to fund 4/6 (2022 accounts due by 30.09.23)

- RBD is due £9.5m from Shell with a minimum of £5.2m early December

- RBD stated "The net proceeds to be received by Reabold would be sufficient to meet Rathlin's share of the drilling costs of WN B-2,..."

- imo WN going ahead in H1 is very likely

I wont request a visitors pass but I will send them a bottle of lube :)

G, if you like gold copper and lithium have a look at trident royalties (TRR), a great company in the making imo

We all know what H1 and H2 are, I guess H3 is a figment of your imagination?

- RBD has budgeted for a £2m spend on their 1/6 of WN

- Rathlin appears to have no more than £3m cash to fund 4/6 (2022 accounts due by 30.09.23)

- RBD is due £9.5m from Shell with a minimum of £5.2m early December

- RBD stated "The net proceeds to be received by Reabold would be sufficient to meet Rathlin's share of the drilling costs of WN B-2,..."

- imo WN going ahead in H1 is very likely

We know why WN is delayed, Rathlin doesn't have sufficient cash to fund their 4/6 of the drill costs, they are at least £5m short. All this information is in the public domain so why DB couldn't answer the question is a mystery.

Rathlin statement 28.04.23 - "Given the scope of the potential West Newton development, including other opportunities in PEDL 183, and consistent with prudent risk management, Rathlin Energy (UK) Limited has decided to pursue additional strategic industry partnerships for the upcoming drilling programme and subsequent development at West Newton"

It's definitely going to be a very tough sell for Rathlin so it will be interesting to see what deal RBD work out with them especially as RBD owns a big slice of the company - they'll be negotiating with themselves!